JetBlue's Higher Offer May Not Sway Spirit's Board
- Boris Petrov
- U.S.A. New York City
JetBlue Airways has made an unsolicited $3.63 billion bid for Spirit Airlines. The all-cash offer values the discount carrier at roughly 40% higher than the current merger agreement with Frontier at $2.9 billion. The Justice Department is currently suing JetBlue for its alliance with American Airlines. A Spirit-Frontier merger will build a nationwide network of a ultra low-cost service.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| JetBlue Airways Corporation | JBLU | -6% | 44% | -28% |